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There are few commodities that transport a similar amount of value, as does crude oil. It is an ingredient in gasoline, diesel, jet fuel…Continue reading on Medium »
From NIPA accounts: Figure 1: Petroleum and petroleum product exports (blue), imports (red), both in bn.$, SAAR. Source: BEA. For the balance in physical units of crude oil, here’s...
Data through yesterday: Figure 1: Regular gasoline (blue, left scale), diesel (red, left scale), jet fuel-kerosene (green, left scale), all $/gal., and spot price Brent oil (black,...
Data through 9/7 from the EIA: Source: EIA via FRED. Black + denotes November Brent futures as of 9/9/2026, 2pm CT. The black “+” above is the near month futures price. Cash as of...
But when Nigeria earns extraordinary petroleum revenues, a defined portion should return to Nigerians through energy-price stabilisation and investment in the infrastructure that l...
Tight refining capacity is keeping gasoline and diesel prices elevated.
Petrolimex chủ Ä‘á»™ng quyết định giá bán các mặt hà ng xăng dầu thấp hÆ¡n 300 đồng/lÃt, kg so vá»›i mức giá được xác định theo cÆ¡ chế Ä‘iá»u hà ...
See where U.S. oil exports went in 2025, led by the Netherlands and Mexico, as American oil reached major markets across six continents.
Canada! Source: Oilsandsmagazine.com. In fact, in 2025, 61% of total US petroleum imports come from Canada (by dollar value). According to ITA, 100% of Wisconsin imports come from...
(Oil & Gas 360) By Greg Barnett, MBA – Obama Understood the Politics. Biden Worsened It With Failed Energy Policies. […]
Associated gas, healthy storage and an LNG buildout are pulling gas prices away from oil, and contracts written for one price environment are being tested in another. WTI crude has...
Crude oil prices have surged again, with Brent and WTI hovering between $102 and $110 per barrel amid continued tensions in West Asia. Oil prices had cooled in recent months, but t...
If you were hoping oil and therefore gas would get cheaper soon, a major oil pipeline going down is about the last thing you want to hear about right now.
According to AAA, regular gasoline is up 3.8% relative to a week ago, diesel up 4.5%. Figure 1: Regular gasoline (blue, left scale), diesel (red, left scale), jet fuel-kerosene (gr...
GAS GOUGING We do not depend on oil transported through the Strait of Hormuz. We have the third-largest oil reserves in the world. We supply 60 % of oil to the U.S. The countries w...
Disruption to imports through the Strait of Hormuz has left Iraq short of gasoline despite refineries running at maximum capacity. Somo has ...
Strangely, 9/14 diesel was not on FRED today, but it was on EIA. Here’s the entire picture. Figure 1: Regular gasoline (blue, left scale), diesel (red, left scale), both $/gallon;...
See where U.S. oil imports came from in 2025, with Canada supplying nearly 57% of the 7.9 million barrels of oil imported into the U.S. daily.
Just some good, old fashioned imperialism.
What are crack spreads and why are they elevated? Crack spreads are indicators of the profitability of refining crude oil into petroleum products such as gasoline and diesel. One c...
Oil is flowing from the Middle East once again. Despite that, crude and refined products prices remain high, with diesel markets especially tight. In this episode, we discuss the S...
 These two posters are saying the same thing in two different levels of detail — how to load flammable liquids like petrol, diesel, ethanol, solvents without causing a fire, exp...
Gas prices may be high nationwide, but living in one state or another can amount to over $30 difference at the pump.
In 2023, the International Energy Agency predicted that by 2028 the world’s oil companies would produce more oil than people wanted to buy. Prices responded to that and similar pro...
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